The town provided a stopover for Victorian Gold Rush miners on their way to the goldfields of Grant, Talbotville, and Crooked River. The Post Office opened on 18 March 1868.[2]

Today the town is a producer of timber, and stockmen seasonally reside on the nearby Dargo High Plains. The town is a popular destination for four-wheel drive enthusiasts, bushwalkers, sambar deer hunters, and trout fisherman. An annual Walnut Festival formerly ran through the Australian Easter holiday period and was usually well attended.